Terry Clune-owned Immedis sold in deal valued at nearly €600m

Kilkenny-based payroll provider was founded in 2016 by the entrepreneur, whose other companies include Taxback and TransferMate

Terry Clune founder of CluneTech and Immedis with Richard Limpkin chief strategy officer, Immedis

Immedis, a global payroll provider founded and owned by entrepreneur Terry Clune, has been acquired in a deal that values the company at close to €600 million.

Established in 2016 as a subsidiary of CluneTech, whose other companies include TransferMate, Taxback, Sprintax, Visa First and Benamic, Kilkenny-based Immedis provides multi-country payroll solutions to customers such as Uber, ServiceNow and Nutanix, across more than 150 countries and 120 currencies.

Immedis employs 374 people, 100 of which are ...